BUY $LYFT PUTS!!! via /r/wallstreetbets #stocks #wallstreetbets #investing


Shitty company, terrible business model. Lost money since IPO with little to no progress towards profitability.

Today its up 20% over vaccine hopes, which are not really confirmed at all right now. Stage 3 trials were positive but FDA is yet to approve it. The market reacted as if lyft was going to start operating like its 2019 TOMORROW, not in Q1-Q2 2021, when the vaccine and covid threat has died down.

Im buying puts expiring Jan 2021 with a strike of 30. All my DD points to the market realizing the LYFT rally makes no sense. I suggest you do the same.

I was right about Biogen when no one believed me. Im right about this too.

Submitted November 09, 2020 at 06:33PM by Saraozte01
via reddit